5 Reasons Customers Should Consolidate Their IRAs

Fortunately, Individual Retirement Accounts have been around for many years and, fortunately, your clients understand how they work. Unfortunately, clients tend to have their IRAs scattered among many different institutions and/or mutual fund companies. This is unfortunate since consolidation often makes better sense.

1. Consolidation means more money under one roof and more money can mean a higher return.
2. Less IRA accounts mean fewer and less fees.
3. It also means less administration expenses.
4. Less accounts also mean less statements and far less bookkeeping.
5. Lastly, one IRA account will make it easier [and less costly] for the accountant to calculate minimum distribution requirements at age 70½.